APL Apollo Tubes Limited
ICICI Prudential Mutual Fund increased its stake in APL Apollo Tubes Limited from 1.46% to 2.37% by increasing its shares from 4,064,967 to 6,576,618.
One of India's leading manufacturers of branded steel products, APL Apollo produces a comprehensive range of MS black pipes, galvanised tubes, pre-galvanised tubes, structural ERW steel tubes, and hollow sections. Operating ten manufacturing facilities across Delhi NCR, the company serves diverse sectors including urban infrastructure, housing, irrigation, solar plants, greenhouses, and engineering applications. Its extensive product portfolio and established manufacturing footprint distinguish it in the Indian steel tubes sector.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.